I am following up immediately

You have posted too much education, Actually, there's a lot to learn from this post,,
I'm very kind to you, Please you visit my account  @shakirchy

You've posted pretty well

I'm not that familiar with many of the terms in this post but I'll resteem for followers who may not have seen this post yet.

Great and valuable information. 
Your post helps me a lot.

Thanks @someguy123 for sharing this post.😊 




Have a great day!! 

Interesting. Is there a method in place for normal users?

There is a virtual operation comes with every block, called `producer_rewards`,  that would give exact numbers. I don't know if it's acessible via SQL, tho... :)

Interesting! I'll have a look to this. Thanks for sharing!

@someguy123, 100% useful information as always. @someguy123 has helped me with all my witness questions.
This year Belarus has introduced a new law about crypto. 
Since 2018 and until 2026 there will not be any taxes on cryptocurrency (mining, selling, and buying) and all crypto is 100% legal from now on.

do you make acountation aplication right ?

Great post! Thanks for sharing such a wonderful legal tax advice, I personally appreciate your good job. I follow and upvote you.

@someguy123 As you already mentioned @sametravel that you will be discussing this with an accountant in the UK, I would advise placing a call on the internet for more European accountants, to make a more flexible European app, being a frontrunner in this could really make life easier for us all. And a nice business opportunity for you.  Up, if you agree :)

I will consider being the first witness in my country Uganda.I have had some friends in Uganda tell me to do it,but i do not know exactly how everything works!
I will check out that witness channel
>Do you like what I'm doing for STEEM/Steemit?
The reply to that is of course and i just voted you as a witness.

What a brilliant analysis.....i would surely resteem this...i am looking forward to your next post concerning how to calculate post earnings.

> In countries such as the US and the UK, "income" counts the second you receive it. From my interpretation of this, the second you receive SP from witness activities, it counts towards your income.

I'm not so sure about this. Does the UK government recognize Bitcoin or any crypto as cash, a valuable asset or as a security? Because unless they do you are not required to pay tax on it.

If not I would consider it to be taxable the moment you convert to fiat.

Awesome tool... Seems a lot of research and effort has been put into creating the thing.... Really appreciate the effort.

Thx for information sir

Keep sharing thank you for sharing ❤️if you get in trouble with HMRC but you used an accountant, it can end up being the accountants fault rather than yours, which is a huge safeguard.

@someguy123 after looking through your guide, I have felt so much encouraged by the fact that you can just work with the block chain remotely without actually downloading it. But i wonder how much one can be able to achieve with this approach, because i'm currently working on a project in Africa where i want people to able to purchase STEEM using the local fiat currency. In other words i'm creating a local exchange to try and promote steemit to our community. You can guide me on how to go about this. Cheers

You cannot be taxed for collecting coupons. A coupon is something that can only be spent in one place, just like your SBD. Steem however can be spent in a number of places and can be traded for USD. From my understanding, however, your income isn't taxable until you create a "taxable event". This essentially means converting your crypto to fiat. If it stays as crypto it's untaxable. If you make a purchase or trade, it's the trade that is taxable.

Besides, you are absolutely anonymous when you receive crypto unless it's to a phone owned by a big telecom company, and even then it would be difficult. so the IRS does not know how much you have until you put it on an exchange you signed up to with your ID, you try to convert it to USD fiat which requires an ID, or you try to make a purchase which requires your shipping address.

[This article](http://cryptocurrencyfacts.com/the-basics-of-cryptocurrencies-and-taxes/) explains it very well.

It is difficult to leave the area of ​​confor in many opportunities but always all doing so to be able to have the success that one looks for

Nice poet. very helpful

I played with Bitcoin Taxes a few weeks ago and found it wasn't pulling through all the data I needed. I also used [cointracking.info](https://cointracking.info/) which supports more exchanges, but that also wasn't straightforward. Maybe I just need to put more time into it....

Wow so much information. Thanks for the update.

Congratulations @someguy123, this post is the eighth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 42 and the total pending payments to posts in these categories was $8774.10. To see the full list of highest paid posts across all accounts categories, [click here](www.steemit.com/steemit/@bitgeek/payout-stats-report-for-5th-january-2018--part-i). 

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Witness rewards should not be taxable until you power them down.  It's a grey area, but everyone I have talked to feels SP is not a taxable property until it is powered down to Steem.

Great tool. Thanks for sharing. I'll resteem it. I know there more Steemians who can use this tool

Excellent very interested I do not speak English but I translated and I liked it a lot. I follow you

Wow this is really helpful, thank you for all your thoroughness and hard work.

i thought the reason why anybody wants to use crypto currencies is to avoid taxes.

@someguy123,nice post and great information breakdown